Long it.
Short it.
From the first minute.
Every coin launched on PERPED gets its own perp market the moment it goes live. Go long or short at 1x to 3x against the coin's perp vault, priced by a clamped TWAP mark. Half of every fee buys back and burns the coin.
- Open interest
- 0 SOL
- 24h volume
- 0 SOL
- Burned
- 0
Perpetual futures are high risk. You can lose your entire margin. Not available to US persons or in restricted regions.
Every coin on the pad, long or short.
A perp market for every coin, from the minute it launches.
A creator launches on pump.fun through PERPED and signs it in their own wallet. Creator fees split on chain: 60% perp vault, 30% creator, 10% PERPED.
The creator's vault seed (0.5 to 10 SOL) and every fee distribution become the vault's LP capital. LPs can add SOL too. Caps grow with the vault.
Long or short at 1x to 3x with SOL margin, one signature. The vault is the counterparty; PnL, funding and liquidations use the mark, never the last trade.
0.10% on open and close plus a 10% funding share. Half of it buys the coin back and burns it, 30% goes to the vault, 20% to PERPED.
A wick won't liquidate you.
- Mark = 5 minute TWAP
Spot is sampled every 15 s from the bonding curve, or the PumpSwap pool after graduation.
- 3% clamp per sample
One sample can move at most 3% from the one before. A one-block wick barely moves the mark.
- Guard at 15%
If spot and the mark drift more than 15% apart, opens pause until they are back within 5%.
- Liquidations at the mark
Positions are liquidated at 10% maintenance margin on the mark, never on a wick.
- Buyback + burnbuys the coin back and burns it50%
- Perp vault (LPs)grows the vault's NAV30%
- PERPEDplatform20%
No listing queue. The market opens the moment the launch is verified on chain, sized by the vault seed.
1x to 3x, 2% of the vault per position, 25% per side, 10% skew, a profit cap, ADL and an insurance fund.
Half of every fee buys the coin back on the curve or pool and burns exactly what it bought. On chain, with memos.
Open, fund, liquidate, burn: 30 seconds.
What is a perp market on a memecoin?+
A perpetual future: you take a long or short position on the coin's price with SOL margin and no expiry. You never hold the coin. Your PnL is paid in SOL from the coin's perp vault.
Who is on the other side of my trade?+
The coin's perp vault, a pooled SOL vault per coin seeded by 60% of the coin's creator fees and by LPs. When traders win, the vault pays; when they lose, the vault keeps the margin.
Why can't a big buy liquidate me?+
Prices use the mark: a 5 minute time-weighted average of spot samples, each clamped to within 3% of the one before. Liquidations happen on the mark, not on the last trade.
How big can a position be?+
Leverage 1x to 3x. One position can be at most 2% of the vault (and 25 SOL), each side's open interest 25%, and the net skew 10%. Caps grow as the vault grows.
What happens at liquidation?+
When a position's equity falls to 10% of its size, the keeper closes it at the mark. You lose your margin; what is left goes to the coin's insurance fund.
Who can trade?+
Not US persons and nobody in sanctioned or restricted regions; the app blocks those regions and asks everyone else for a one-time attestation. Perpetual futures are high risk. You can lose your entire margin.
Your coin. Its own perp market.
Launch on pump.fun through PERPED and holders can go long or short from the first minute.
Perpetual futures are high risk. You can lose your entire margin.